To: jhild who wrote (29380 ) 3/19/1999 12:11:00 PM From: EZ ED Respond to of 43774
Could it be possible that the people that received shares for ACCESS WALL STREET are selling shares,instead of PABN????.Here is a blast from the past...... Wednesday June 24, 10:30 am Eastern TimeCompany Press ReleasePanAmerican BanCorp Acquires Access Wall StreetNEW YORK--(BUSINESS WIRE)--June 24, 1998--PanAmerican BanCorp/Purewater(NASDAQ: OTC:PRWT) announced today the acquisition of Access Wall Street, afirm that provides state-of-the-art securities trading for investors.The newly acquired company offers an all inclusive system that providesLevel II market maker and exchange data, real-time quotes, news, charts, historical data, portfolio management and an extremely fast order execution system enabling investors by means of ECNs (Electronic CommunicationsNetwork) to post bids and offers that are displayed throughout the financialcommunity. The system provides for immediate execution on the NASDAQ as wellas other listed exchanges rather than routing orders to third partyintermediaries. This enables trade execution and confirmation of orders in amatter of seconds. Additionally, it provides the individual investor theability to execute trades between the spread, achieving further savings overmost currently available trading systems. Originally developed to handle high-end, large volume trading and/or institutional stock traders, today, this innovative system can be accessedvia the Internet as well as through Local and Wide Area Networks, and is themost enhanced application of its type offered over the Internet. The companyis dedicated to bringing the most technologically advanced trading system tothe individual investor and expects substantial growth in the near future. PanAmerican BanCorp/Purewater (PRWT) has acquired Access Wall Street in exchange for already-issued shares of the company so there is no dilution of PRWT shares. Access Wall Street is projected to add about $1.5 million in monthly revenues to PRWT or an additional $18 million a year. Net income isprojected at $6 million a year. Look for further strategic alliances and acquisitions shortly.Except for historical information, the matters discussed in this newsrelease may be considered ''forward looking'' statements, within the meaningof Section 27A of the Securities Act of 1933, as amended, and section 21E ofthe Securities Exchange Act of 1934, as amended. Such statements include declarations regarding the intent, belief or current expectations of theCompany and its management. Prospective investors are cautioned that suchforward-looking statements are not guarantees of future performance andinvolve a number of risks and uncertainties that could materially affectactual results. Just a thought and my opinion